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Q2 2026 · read from the 30 June 2026 Call Report · United States · Great Lakes · Ohio, the state note

U S Bank National Association

Cincinnati, Ohio · $705.55B in assets · beside the 7 other Ohio banks over $10B

The filing

1.45%
NPA / loans
8th of 8
1.3x
Coverage of noncurrent
8th of 8
10.1%
CRE / loans
2nd of 8

U S Bank National Association is the second largest of the 8 Ohio banks over $10B, with $705.55B in assets at 30 June 2026. Loans are 76.3% of deposits, 4th of 8 against a median of 76.8%, and equity is 9.8% of assets, 7th of 8. Loans grew +8.1% in the year, 6th of 8, and deposits grew 2.3%; the cohort's median loan growth is +13.0%.

Noncurrent loans are 1.45% of the book, the highest in the cohort against a median of 0.85%; 0.35% is 30 to 89 days past due, and the allowance covers them 1.3 times. Net charge-offs are 0.52% of loans, 7th of 8. Commercial real estate is 10.1% of loans, 2nd of 8 against a median of 12.3%, and 57% of capital, below the 300% screen, with construction at 13% against the 100% screen.

Return on assets is 1.25%, 5th of 8 against a median of 1.25%, on an efficiency ratio of 56.1%, 4th of 8. Five years ago it was 1.59%. The question is where the nonperforming loans sit by category, and whether the allowance and the capital behind them hold under a loss path.

Nonperforming loans, share of loansOH banks over $10B · 30 June 2026 · lower is stronger, listed first
median 0.85% TF Third Federal Savings & Loan Association of Cleveland 0.25% FF First Financial Bank 0.70% JC JPMorgan Chase Bank N.A. 0.78% FT Fifth Third Bank N.A. 0.84% KN KeyBank National Association 0.86% PN Park National Bank 0.86% HN Huntington National Bank 1.06% US U S Bank National Association 1.45%
Loans, year over yearOH banks over $10B · 30 June 2026 · no better direction, largest first
median +13.0% FT Fifth Third Bank N.A. +45.8% HN Huntington National Bank +40.9% PN Park National Bank +22.2% FF First Financial Bank +16.6% JC JPMorgan Chase Bank N.A. +9.4% US U S Bank National Association +8.1% KN KeyBank National Association +4.3% TF Third Federal Savings & Loan Association of Cleveland +3.6%

SBA 7(a), FY2008 to FY2026

U S Bank National Association is the 2nd largest 7(a) lender into California of 512, with $4.78B across 14,424 loans, 7.3% of everything approved in the state (Wells Fargo Bank National Association leads with $5.56B). 400 of its 1,320 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in California, and where it has gone quietshare movement, FY2023 to FY2025 against FY2020 to FY2022; outlined counties are on the book
Gaining shareLosing shareFlatGone quiet: nothing since FY2023Too thin to read a directionNo record
Every market on the book, largest firstrank and share among every lender in the county, FY2008 to FY2026
CountyApprovedRankShareTrend
Los Angeles, CA$1.41B2nd of 3086.9%-5.4 pts
Orange, CA$604M2nd of 2568.2%-6.0 pts
San Diego, CA$516M2nd of 2389.5%-0.7 pts
King, WA$431M1st of 1939.2%-0.3 pts
Cook, IL$323M4th of 2824.9%+0.6 pts
San Bernardino, CA$277M1st of 2137.7%-1.7 pts
Riverside, CA$273M1st of 2197.8%+1.1 pts
Maricopa, AZ$270M6th of 3033.6%-1.4 pts
Santa Clara, CA$244M2nd of 1879.3%-2.4 pts
Alameda, CA$199M2nd of 1798.4%-1.1 pts
Hennepin, MN$195M3rd of 2286.7%+6.2 pts
San Francisco, CA$184M2nd of 14012.8%-7.2 pts
Clark, NV$180M3rd of 2296.4%-2.4 pts
1307 smaller markets not shown.
What it lends to: the five largest industries on the bookshare of book is concentration; share of sector and rank are position, among every 7(a) lender nationally
IndustryLoansApprovedShare of bookShare of sectorRank
Retail trade5,446$1.54B13.4%2.53%7th of 2,589
Manufacturing2,925$1.43B12.4%3.60%3rd of 2,246
Health care & social assistance3,418$1.42B12.3%2.99%5th of 2,172
Professional & technical services5,731$1.21B10.5%3.75%5th of 1,955
Other services5,079$1.07B9.3%3.05%4th of 2,248
7(a) lenders into California, share of approvals since FY2008512 lenders on record; the ten largest and U S
WF Wells Fargo Bank National Associa… 8.5% $5.56B · 15,065 loans UB U.S. Bank, National Association 7.3% $4.78B · 14,424 loans LO Live Oak Banking Company 4.5% $2.95B · 2,312 loans EB Enterprise Bank & Trust 4.3% $2.82B · 2,975 loans Bo Bank of Hope 3.9% $2.57B · 6,200 loans CB Columbia Bank 3.6% $2.33B · 3,734 loans JC JPMorgan Chase Bank, National Ass… 2.8% $1.86B · 9,370 loans OB Open Bank 2.5% $1.65B · 1,421 loans HS Harvest Small Business Finance, L… 2.4% $1.59B · 1,278 loans CB Celtic Bank Corporation 2.4% $1.57B · 2,551 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; owner-occupied excluded; bold marks a screen met
U SRankCohort median
Total CRE against capital, the 300% screen57%3rd of 867%
Construction against capital, the 100% screen13%3rd of 816%
Construction and land development, share of loans2.3%3rd of 82.7%
Non-owner-occupied nonfarm nonresidential, share of loans4.3%3rd of 85.2%
Total CRE, the guidance definition, share of loans10.1%2nd of 812.3%
CRE growth over 36 months, the third prong+0.3%3rd of 8+8.8%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
JPMorgan Chase Bank N.A.$4091.32B1.5%54.5%0.78%0.60%1.7%55.4%8.3%
U S Bank National Association$705.55B1.2%56.1%1.45%0.52%1.8%76.3%9.8%
Fifth Third Bank N.A.$299.18B0.9%68.0%0.84%0.31%1.6%74.5%12.6%
Huntington National Bank$283.07B1.0%61.7%1.06%0.24%1.7%84.2%11.8%
KeyBank National Association$188.56B1.3%54.9%0.86%0.39%1.3%70.6%9.9%
First Financial Bank$22.35B1.5%57.5%0.70%0.27%1.4%77.3%13.4%
Third Federal Savings & Loan Association of Cleveland$18.06B0.6%60.7%0.25%-0.02%0.5%159.7%9.9%
Park National Bank$12.61B1.8%54.7%0.86%0.11%1.1%90.3%12.4%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
U SCohort median
20212026Change20212026Change
Loans$302.77B$413.34B+37%$108.07B$145.60B+35%
Deposits$442.90B$541.89B+22%$148.24B$192.80B+30%
NPA / loans1.02%1.45%+0.43 pts0.97%0.85%-0.12 pts
Efficiency59.5%56.1%-3.4 pts59.8%56.8%-3.0 pts
ROA1.59%1.25%-0.35 pts1.39%1.25%-0.14 pts

This read was prepared for U S Bank National Association's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on U S Bank National Association is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort OH banks over $10B
Institution www.usbank.com

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by state and asset band; SBA 7(a) FOIA release as of the 2026 file, loans credited to the institution holding them today. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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